VOL. 128 | NO. 128 | Tuesday, July 2, 2013
Meeting for a third consecutive Tuesday, Memphis City Council members take up a few budget leftovers Tuesday, July 2, but also get to some items delayed because of the unusual budget deliberations.
Tennessee Shakespeare Co. absorbs funding ups and downs
Within the space of a week, Dan McCleary’s professional theater company lost major funding before almost simultaneously getting word that it has a big grant from Arts Midwest, in partnership with the National Endowment for the Arts.
When most of the 13 people on the Memphis City Council began their service in 2008, the city’s property tax rate was $3.43 and rolling back that rate was a priority of a voting majority on the body.
Brit Fitzpatrick stood in front of a small crowd of aspiring entrepreneurs as she rapidly clicked through slides that outlined the business model for Mentor Me, a technology program that helps match mentees with mentors.
The future of the state’s role as a major employer and user of office space Downtown could become much clearer next month.
The Memphis City Council will meet Tuesday, July 2, at 3:30 p.m. in the Council chambers in City Hall, 125 N. Main St. Click on the meeting icon for an agenda.
REAL ESTATE RECAP
4270 Summer Ave. Memphis, TN 38122 -
The Kroger-anchored retail center at 4270 Summer Ave. in Berclair has sold for $14.6 million.
A public discussion is stirring on the topic of nonprofit overhead and the extent to which overhead costs should influence giving. The three leading sources of information about nonprofits recently issued a call to action asking individual and institutional donors to stop using “overhead” as the measure of a nonprofit’s success. GuideStar, Charity Navigator and BBB Wise Giving Alliance have issued a call to donors to move beyond the “Overhead Myth.”
MEMPHIS (AP) – U.S. Rep. Steve Cohen says two Memphis organizations will receive $2.1 million in grants from the U.S. Department of Labor.
NASHVILLE (AP) – Republican Gov. Bill Haslam has named Abbie Hudgens as the head of the state's new Workers' Compensation Division.
NASHVILLE (AP) – Gov. Bill Haslam has appointed former state lawmaker Richard Montgomery to be the new chairman of the Board of Parole.
WASHINGTON (AP) – College students taking out new loans for the fall term will see interest rates twice what they were in the spring – unless Congress fulfills its pledge to restore lower rates when it returns after the July 4 holiday.
NEW YORK (AP) – Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012.
WASHINGTON (AP) – The U.S. government said Monday that it has received $66.3 billion in dividend payments from Fannie Mae and Freddie Mac after both reported stronger earnings at the start of the year.